Trican sells Kazakhstan division More money for Trican. $3.00 in no time. Seeya later shorts
https://industriemagazin.at/a/petro-welt-uebernimmt-frackingfirma-in-kasachstan
Petro world accepts Frackingfirma in Kazakhstan
The oilfield equipment Petro World (formerly Catoil) accepts the Canadian competitors Trican Well Service an oilfield service company in Kazakhstan. This was the beginning of an expansion in the CIS countries, so Petro World CEO Yuri Semjonov.
The listed oilfield equipment Petro World Technologies (ehemalg CAT oil AG) headquartered in Vienna has assumed the Kazakh fracturing subsidiary of Canadian oilfield service Trican Well Service. This was announced by Petro world. The purchase price was not disclosed.
The integration of Trican Well Service Ltd. Kazakhstan would be completed in probably two to three months, according to the release. The competition authorities in Russia and Kazakhstan have already approved the acquisition.
Petro-world boss Yuri Semjonov: "The first step"
"The society that we accept has a good operating business, is known for its track record and has a nationwide presence in Kazakhstan," said Petro World CEO Yuri Semjonov (Yury Semenov). "This acquisition is the first step of our expansion strategy abroad to strengthen the position of Petro World Technologies AG in the CIS markets." (Apa / red)